My Age of Investment

"Jing Xing, I haven't contacted you for a long time, how are you doing?"

Xia Jingxing was sitting in Vision Capital's office, reading and approving work emails, when he suddenly received a phone call, and he didn't remember who was on the other end of the phone for a long time.

The voice is very familiar, but the phone number is displayed as an unfamiliar number, and there is no note.

"Uh...it's okay, how about you?"

Xia Jingxing felt a little embarrassed to turn around and ask who he was, as if he didn't take him seriously.

So I had to start an awkward chat, and at the same time quickly analyze who the other party is based on the content of the chat.

“I graduated with an MBA from Harvard this year, and I went back to my home country to join a retail company to make ends meet.

You are still amazing, Facebook was only valued at 5 million US dollars two years ago, and just completed the angel round of financing.

At that time, I told Rao Lei and the others that Facebook would definitely surprise everyone in the future.

Sure enough, with a valuation of tens of billions of dollars, tsk tsk tsk~”

Hearing this, Xia Jingxing knew who the other party was, he was a Harvard MBA student and knew Rao Lei, so it was Lin Yaocheng!

In fact, he and Lin Yaocheng had only eaten together a few times, so they didn't have a good relationship.

After the other party went to Harvard to study for an MBA, they almost lost contact.

Call yourself now, don't you ask yourself to borrow money?

Or they are planning to start a business and want to attract investment from themselves.

Xia Jingxing smiled and said a few words on the phone, patiently waiting for the other party to reveal his real purpose.

"That's right, I saw on the news that you stepped down as the CEO of Facebook and founded an investment institution called Vision Capital."

Hearing this, Xia Jingxing knew that it was exactly what he thought, and he was here to solicit investment.

He didn't express his opinion lightly, but listened patiently.

"You are now transformed into an investor. I have a project here. Would you like to take a look?"

Xia Jingxing asked, "Are you planning to start a business?"

"not me,

It's two friends who I think are pretty good and would like to recommend them to you. "

Xia Jingxing frowned. Hearing this tone, the other party is a part-time financing FA?

That is the role of Chen Hong and others in investment banks, commonly known as intermediaries.

To do this job well, you must have a wide range of friends. You must not only know enough entrepreneurs, but also know many investment institutions to act as a bridge between the two.

After the financing is successful, the entrepreneur has to pay 3%-5% of the financing to FA as an intermediary fee.

You can also take the company's equity as a reward without paying.

Xia Jingxing thought of Lin Yaocheng as this kind of person, but he didn't particularly reject it, anyway, the financing intermediary fee was not paid by the investment institution.

It doesn't hurt to hear what projects the other person has to recommend.

So he replied: "Okay, then tell me about their entrepreneurial projects."

"The company was called Workday, and it was co-founded by PeopleSoft co-founder Anil Busri and chief strategy officer Dave Duffield.

What we do is still in the old business, providing human resources technology solutions for corporate customers.

PeopleSoft, you should have heard of it, right?

It used to be the second largest enterprise software vendor in the world. It was this company that bought the IT human resources platform I founded while studying at Stanford University for $32 million.

Then, I also got to know several founders of PeopleSoft.

Last year, Oracle launched a hostile takeover of PeopleSoft and acquired PeopleSoft at a price of US$10.3 billion. Several founders were also driven out of the company they founded.

Now they wanted revenge on Oracle, so they started all over again, creating what is now Workday.

How about it? Nice project, right? The founder is a veteran of the industry, and he is in his old business.

However, the only thing to consider is whether it can withstand Oracle's suppression. "

When Xia Jingxing heard the name Workday, he immediately remembered which company it was.

During this time, he has been looking for good investment targets.

But the business plans I received in the mail were all companies whose names I had never heard of.

He didn't turn his eyes away just because he hadn't heard the name before.

After all, there are too many start-up companies in the United States, and he may not be able to remember the names of many unicorns.

Therefore, for the start-up companies that entered the mailbox, he carefully read the business plan, and also picked out a few to meet, but he felt that they were not good enough.

In the past few months, I haven't had a single hand.

Just about to doze off, Lin Yaocheng brought over a pillow.

The founders of this company in Workday are also legends. After the company was acquired hostilely by Oracle, they really made a comeback.

The Workday company he founded was listed in the same year as Facebook, with a market value of more than 10 billion U.S. dollars, and reached a market value of 60 billion U.S. dollars in the following years.

The reason why it can still fall down and climb up is because it has caught up with the wave of technology, and this company has added a cloud computing concept to human resources software.

Thinking of this, Xia Jingxing was really tempted.

However, he quickly calmed down again.

"According to the industry qualifications and social status of the two of them, there will be no shortage of early development funds, right?"

There was a burst of hearty laughter from the other end of the phone: "Dai Lun, as expected of you, yes, the A round of financing has already ended, and it was invested by the two founders and Greylock."

Xia Jingxing had heard of Greylock. This venture capital firm was established in 1965, and its qualifications were older than Sequoia Capital and Kleiner Perkins.

But the reputation is slightly weaker, but it is also a very successful investment institution.

He knew that this kind of project where famous founders ran out to start a business was not easy to do!

Compared with inexperienced college students, venture capitalists naturally prefer entrepreneurs with successful pasts and rich industry experience.

Especially in the field of entrepreneurship, which is still at the B-side, which is much more difficult than at the C-side. For those without industry experience, VCs don’t even know how to read a business plan.

Although the two industry tycoons lost the control of PeopleSoft, they were kicked out of the house by Oracle in disgrace.

But it's not because of bankruptcy, or stepping down due to financial scandals.

On the contrary, being able to be acquired by a hostile takeover just shows the high quality of the company.

No one cares about a poor company.

So it's not surprising that when two people came out to start a business, they were intercepted by other investment institutions early in the morning.

"The A round of financing is over, why are you calling me now? They are going to start the B round of financing?"

Lin Yaocheng explained: "No, they want to open a round of A+ round of financing to supplement the company's cash reserves and working capital.

Because of Oracle's deterrence, and at the same time, the company's development at Workday was not as good as expected, and many investment institutions flinched.

So they went around looking for friends to help introduce investment institutions. When they found me, I immediately thought of you.

However, I have to tell you the ugly words first, the investment risk is not small, so proceed with caution! "

Xia Jingxing smiled, the concept of cloud computing will not be born until next year, and most of the working days have not found a suitable business entry point.

Coupled with the suppression of Larry Ellison's stinky hooligan, it's no surprise that this start-up is struggling.

And this is precisely a good investment opportunity.

"Okay, tell the two founders of Workday that we, Vision Capital, have taken over this business!"

"Okay, I'll contact them right away."

Lin Yaoben thought that Xia Jingxing would hesitate, but he did not expect to agree so readily.

He secretly calculated the salary in his heart, probably enough to buy three houses in the third ring road of the capital.

With one phone call, you can earn three flats. Where can you find this deal?

However, all of this has to be discussed by the two sides before we know, and we can't be too happy too early.

On the other end, Xia Jingxing hung up the phone.

Just hearing Lin Yaocheng's laughter, he knew that the other party would definitely charge a favor fee.

However, this is none of his business, and he even wished that the other party would introduce more good projects.

He pinched his chin and thought to himself, shouldn't it be a good time to promote it?

Let everyone who does FA know the arrogance of Envision Capital!

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